Importantly, electric utilities are also working to preserve their customers' dividend income. Without legislative action, today's 15% dividend tax rate, which is in effect for most taxpayers, could jump to more than 39% at the end of next year. The Obama administration has shown support for extending a reduced rate, but its adoption is hardly a foregone conclusion.rnMore than 24 million households benefit from dividends-and at the higher rate, seniors and those with lower incomes would bear the brunt of an increase.
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